You are here

Hot property market Shenzhen tightens rules to cool housing market

Residential buildings in the Nanshan district of Shenzhen. The city is now the top property market in the country, with prices up nearly 57 per cent in February from a year earlier.

PHOTO: BLOOMBERG

Shanghai

THE southern Chinese city of Shenzhen has raised deposit requirements for some home buyers, the latest in a series of measures being introduced across the country to calm property markets, according to the official Xinhua news agency.